Westchester One
An office property in White Plains, New York. Securitized in 2 CMBS deals in 2017.
$173.0MAppraised value (latest deal)
$11.6MUnderwritten NOI
6.7%Implied cap rate
- Address
- 44 South Broadway; 120 Westchester Avenue, White Plains, NY 10601
- Property type
- Office · CBD
- Year built
- 1976
- Size
- 907,436 SF
- Sponsor
- Andrew Penson; Aryeh Ginzberg; Leibel Lederman
- Largest tenant
- New York Life Insurance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK5 | 2017-06-29 | $173.0M | 87.8% | $11.6M | 6.7% | $67.5M | 63.6% | 1.64x | 424B |
| BANK 2017-BNK6 | 2017-07-27 | $173.0M | $11.6M | 6.7% | $42.5M | 63.6% | 1.64x | 424B |
Historical NOI reported in BANK 2017-BNK6
| Period ending | NOI |
|---|---|
| 3/31/2017 TTM | $10.7M |
| 12/31/2016 | $10.9M |
More CMBS properties in New York →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.